rate cuts – Page 3 – One America News Network

Fed to hold rates steady as inflation dims hopes for policy easing

The Fed is almost certain to hold its benchmark overnight interest rate steady, with investors placing nearly a 100% probability on that outcome.

A Labor Department report showed the PPI for final demand rose 0.2% in March, against forecasts of a 0.3% increase.

U.S. equity funds drew inflows for a third consecutive week with investors clinging to hopes of rate cuts this year.

The U.S. Federal Reserve will cut its key interest rate in June, according to a stronger majority of economists in the latest Reuters poll.

U.S. stocks fell on the first trading day of 2024 after investors tempered expectations around interest-rate cuts this year.

U.S. stocks closed lower on Wednesday after an abrupt mid-afternoon nosedive ended Wall Street’s impressive rally.